FundRaising Success

You will be automatically redirected to fundraisingsuccessmag in 20 seconds.
Skip this advertisement.

Advertisement
Advertisement
 
 

Choose a Premium of Value to Donors

November 2006 By Abny Santicola
2
It’s more important to select a premium that has perceived value to your donor than it is to select one that relates to the theme or nature of your organization, says Hugh Chewning, president of Chewning Direct Marketing, providers of direct-mail strategy, consulting and copywriting.

“In fundraising, I think the most important thing is to select a premium that works and increases your net income, and if that happens to relate to the organization’s purpose, then that’s great. If it doesn’t, that’s great too. The sole purpose of the premium is to increase net income. End of story. So whatever premium does that best is the one to use,” he says.

While they might lean toward the simpler side, paper premiums are a good, low-cost way for organizations to get started using premiums -- for example, a small booklet on the 10 warning signs of cancer sent by a cancer prevention or awareness group. For some donors, an informational piece is valuable, while for others a premium they can put to use, such as address labels, is what works.

Chewning advises that if you use a premium, hype it up in the mailing. Include a teaser on the carrier, mention it in the first few paragraphs of the letter, and reiterate the gift in the P.S. And if it’s a back-end premium offer, Chewning recommends including a separate insert in the mailing that includes a picture and describes the gift.

There are advantages to using both front-end premiums (items all recipients receive in the direct-mail package) and back-end premiums (items sent later only to those who donate). A front-end premium can often boost response, and there are no fulfillment costs involved. Back-end premiums also can boost response. And while there are fulfillment costs, the organization only has to give out back-end premiums to individuals who have donated rather than everyone it mails, as with front-end premiums. For this reason, Chewning says back-end premiums can be items of greater value.

To determine if premiums are for you, and which ones to use, Chewning advises testing. “If you aren’t testing premiums, you should. And if you are testing premiums, you should be testing different premiums,” he says.

Hugh Chewning can be reached via www.cdmdirect.com
 

Companies Mentioned:

2

SPONSORED CONTENT

MORE ON DIRECT MAIL >>

FROM THE BOOKSTORE

<P><SPAN style="FONT-SIZE: 10pt">“Hey, stuff happens”—the cliché is a cliché for a reason: because it’s true. It always has been and always will be, and that is why insurance, and subsequently, insurance marketing, will never find itself out of a job. And, believe it or not, the oft-neglected direct mail channel has proven itself to be the most successful in lead generation when it comes to insurance marketing. </SPAN></P>
<P><SPAN style="FONT-SIZE: 10pt">Everything you need to take advantage of this growing market is right here in Insurance Marketing: The Competitive Intelligence Report. It’s full of direct mail trends, best practices and analysis, including formats, copy and design, premium usage, seasonality trends, branding and integrative marketing.<B><BR> <BR></B>You’ll get dozens of insurance direct mail trends based on research from DMIQ’s Who’s Mailing What archive, plus in-depth analysis of grand controls and campaigns from some of the biggest insurance giants in the business, complete with: </SPAN></P>
<UL>
<LI><SPAN style="FONT-SIZE: 10pt">Volume comparisons</SPAN> 
<LI><SPAN style="FONT-SIZE: 10pt">Seasonality trends</SPAN> 
<LI><SPAN style="FONT-SIZE: 10pt">Trends in package format, 4-color printing, personalization and variable data</SPAN> 
<LI><SPAN style="FONT-SIZE: 10pt">Trends in offers and premiums</SPAN> 
<LI><SPAN style="FONT-SIZE: 10pt">Review of the mail that uses copy drivers</SPAN> 
<LI><SPAN style="FONT-SIZE: 10pt">Analysis on the integrative future of insurance mail</SPAN> 
<LI><SPAN style="FONT-SIZE: 10pt">And more!</SPAN></LI></UL>
<P><SPAN style="FONT-SIZE: 10pt">Plus, this book contains full company profiles and statistics of the top 20 insurance companies in the industry, including GEICO, AAA, State Farm, New York Life, Allstate, and many more. </SPAN></P> Insurance Marketing: The Competitive Intelligence Report

“Hey, stuff happens”—the cliché is a cliché for a reason: because it’s true. It always has been and always will be, and that is why insurance, and subsequently, insurance marketing, will never find itself out of a job. And, believe it or not, the oft-neglected direct mail channel

...

ORDER NOW

Available as a PDF<BR><BR>A guide to the science of direct response testing today, including best practices, power tests, small vs. large test, analyzing results, testing mistakes, new tricks and more.<BR> <BR>Direct marketing — regardless of the channel — is that unique combination of art and science. Direct marketing strategists are constantly striving for better response rates, open rates, conversions, cost-per-order, and life-time value. <BR><BR>And what is the tool that these strategists turn to again and again? That’s right! It’s testing. <BR><BR>In direct marketing, there are plenty of elements to test — from subject lines, premiums, envelope sizes, list selects, pricing, the placement of the shopping cart on the web page ... the choices seem endless. <BR><I><BR>Secrets of Direct Marketing Testing </I>is your personal BRAIN TRUST of testing strategies that you can start to put to use today. <BR><BR>In this guide, you’ll find everything you need to learn — the why, what, when and how-to of testing. From testing structure to basic principles, and from test ideas to mistakes to avoid, you’ll get a crash course in coding, tracking, reading and applying test results. <BR><BR>You’ll learn about: <BR>• Simple copy tests that drive response <BR>• Fine-tuning your offer <BR>• Web and Email testing <BR>• Offer tests <BR>• How to make sure you’re getting reliable results <BR>• Retesting and rolling out your findings <BR>• Plus the Rules that you should test now — or ignore at your own peril! <BR><BR>Are you are searching for ways to raise response, save on your promotion costs, drive down your cost-per-order and extend the lifetime value of your customers? The DirectMarketingIQ and Target Marketing editorial teams have been researching, writing and collecting expert advice from industry leaders about the how-tos of testing for years. <BR><BR>We’ve compiled this information and made it easy for you to find all in one place with our easy-to-read report – <EM>Secrets of Direct Marketing Testing</EM>. Secrets of Direct Marketing Testing

Available as a PDF

A guide to the science of direct response testing today, including best practices, power tests, small vs. large test, analyzing results, testing mistakes, new tricks and more.

Direct marketing — regardless of the channel — is that unique combination of art and science. Direct marketing strategists are constantly striving



...

ORDER NOW

 

COMMENTS

Click here to leave a comment...
Comment *
Most Recent Comments:
Marcia Scaggs - Posted on November 21, 2006
A good reminder to always remember the donors' interest before ours!
Carole Richard - Posted on November 21, 2006
Very helpful information!
Click here to view archived comments...
Archived Comments:
Marcia Scaggs - Posted on November 21, 2006
A good reminder to always remember the donors' interest before ours!
Carole Richard - Posted on November 21, 2006
Very helpful information!